{"id":12204,"date":"2023-04-06T20:00:03","date_gmt":"2023-04-06T20:00:03","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/04\/06\/best-cards-to-pay-your-taxes-with-in-2022-the-points-guy-the-points-guy\/"},"modified":"2023-04-06T20:00:03","modified_gmt":"2023-04-06T20:00:03","slug":"best-cards-to-pay-your-taxes-with-in-2022-the-points-guy-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/04\/06\/best-cards-to-pay-your-taxes-with-in-2022-the-points-guy-the-points-guy\/","title":{"rendered":"Best cards to pay your taxes with in 2022 – The Points Guy – The Points Guy"},"content":{"rendered":"


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Editor\u2019s note: This is a recurring post, regularly updated with new information and offers.<\/em><\/p>\n

This page includes information about the Discover It Miles that is not currently available on The Points Guy and was not provided by the issuer.<\/em><\/p>\n

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As Benjamin Franklin famously declared, \u201cIn this world, nothing is certain except death and taxes.\u201d His words are as true today as when he wrote them over 200 years ago.<\/p>\n

And this tax season, you may wonder if it\u2019s worth it to charge your taxes to a rewards credit card to earn cash back<\/a> or points toward travel as you pay your dues to Uncle Sam. Although you will generally get dinged with service charges and other fees for using a credit card to pay your taxes, it can still be worthwhile for a few reasons.<\/p>\n

For instance, you might need to hit a minimum-spending threshold<\/a> to earn the welcome bonus<\/a> on a new card or to score a spending-based perk like elite-qualifying miles<\/a> with an airline card or a free night award<\/a> with a hotel card. Or maybe you have a card offering 0% annual percentage rate (APR) on purchases<\/a> for a certain timeframe, so you have some breathing room to pay off your tab.<\/p>\n

There are plenty of reasons you might want to pay your taxes with a credit card, but also several caveats. Here\u2019s what you need to know as you consider your options.<\/p>\n

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The best credit cards for paying your taxes<\/h2>\n

The information on the Discover it Miles and PayPal Cashback Mastercard have been collected independently by The Points Guy. The card details on this page have not been reviewed or approved by the issuer.<\/em><\/p>\n

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Comparison of the best credit cards for tax payments<\/h2>\n

Below, you\u2019ll find the general earning rates for the top credit cards to pay your taxes, along with TPG\u2019s valuations of the rewards you can earn.<\/p>\n

These include the general earning rates for the best credit cards to pay taxes. The potential return is the potential earnings based on TPG valuations<\/a> and maximizing the earnings through the method mentioned in the \u201cCaveat\u201d section \u2014 though it doesn\u2019t include the value of any welcome offer you could earn. We\u2019re also assuming a 1.87% fee for paying by credit card.<\/p>\n

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If you can claim your convenience fees as a tax deduction on your business (speak with your tax advisor about this possibility), your gains would be even greater.<\/p>\n

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Different ways to pay your taxes<\/h2>\n

If you owe taxes to the IRS, there are several payment methods. Most people opt for one of the following:<\/p>\n